Revenue of flexible display market projected to be worth US$3.89 bln by 2020

28-Jul-14

The total flexible display market is projected to reach the market revenue worth US$3.89 bln by 2020, as per RnRMarketResearch.com. The total revenue of the global flexible display market is expected to grow at an estimated CAGR of 43.1% from 2014 to 2020. OLED display market is expected to grow at the highest CAGR from 2014 to 2020. In terms of the application segment, smartphone application sector will account for the largest market revenue with highest CAGR of 149.3%, from 2014 to 2020. Asia-Pacific and ROW are likely to grow at the highest CAGR by geographical segment. The market of consumer electronics display products is booming currently, and is expected to grow further, with the advancements in the display technologies. Products such as smartphones, laptops, tablets, and TVs are garnering a very high demand from the consumers’ perspective. There are various materials, components, technologies that are used in the display panels, which contribute to the diverse features of the display, such as defining the display’s resolution, feasibility, resistance to temperature and moisture, aspect ratio, thickness, and the likes. The characteristics and features of some emerging displays are flexible, roll able and bendable displays. They are acting as the biggest drivers in the dielectric materials market. This emerging display market possesses some of the unique, distinct features such as sleekness, reliability/flexibility, and ruggedness; and thus, these displays can be utilized in most of the industries.